The Investment Thread
The bullish sentiment is that if/when Buy Buy Baby is spun off and gets valued at 1.5 billion. The current holders of BBBY will get the Buy Buy Baby shares when it IPOs.
The bearish sentiment is the previous management drive Bed Bath and Beyond into the gutter and the balance sheet is awful to put nicely.
It got a lot of attention on wallstreet bets after it hit $6.30. At this price it met the 500 million marketcap requirement for that forum.
I also grabbed some January 2023 $1 puts but those are up as well because the volatility is up so much. Anyway, looks like your short squeeze is starting.
The bullish sentiment is that if/when Buy Buy Baby is spun off and gets valued at 1.5 billion. The current holders of BBBY will get the Buy Buy Baby shares when it IPOs.
The bearish sentiment is the previous management drive Bed Bath and Beyond into the gutter and the balance sheet is awful to put nicely.